Latest news with #DiriyahCompany
Mid East Info
3 days ago
- Business
- Mid East Info
Diriyah Company Strengthens China Tourism Links with High Profile Participation at ITB Shanghai - Middle East Business News and Information
3-day presence follows Diriyah's highly successful cultural activation in Shanghai Diriyah – May, 2025 – Diriyah Company is strengthening its tourism ties with China this week through a high-profile presence at the prestigious ITB Shanghai travel trade show, taking place from 27-29 May. The event will allow Diriyah to engage with leading Chinese travel agencies, airlines and other key stakeholders in China's rapidly growing hospitality sector. It comes at a time when Chinese visitors to Saudi Arabia are growing rapidly, with a milestone of 140,000 visitors from China to the Kingdom in 2024. This influx was driven by a simplified online visa process and growing air connectivity. It marks ongoing progress toward the Kingdom's goal of welcoming 5 million Chinese visitors annually by 2030. ITB Shanghai follows a successful three-day cultural activation that Diriyah Company hosted on a standalone site in the city where over 1,000 people had the opportunity to experience a wide range of Saudi cultural traditions demonstrated by artisans and craftsmen as well as meet the Diriyah team. Diriyah's Shanghai presence, held at the North Bund International Passenger Center, offered guests a chance to sample traditional Saudi coffee, experience the aroma of rare spices and marvel at the skills demonstrated by traditional weaving workshops. As the number of Chinese travelers to Saudi Arabia continues to grow, Diriyah is offering the opportunity for tailored experiences, from curated galleries with Chinese-speaking guides to dining in one of the many Saudi and global culinary experiences located in Bujairi Terrace and Zallal. Authentic hospitality experiences await visitors at the recently opened Bab Samhan, a Luxury Collection hotel, the first of Diriyah's nearly 40 hotels, set in a landscape that celebrates centuries of Saudi history and heritage. In October last year, Diriyah Company also participated in presenting Saudi heritage and culture to a global audience from a Chinese UNESCO World Heritage Site through its stand at the Visit Saudi pavilion during the 'Saudi Travel Festival' in Beijing, China. China is also playing a vital role in Diriyah's development with many of its leading construction firms appointed to work on several key projects across the 14 square kilometer development area. The firms include China State Construction Engineering Corporation (CSCEC) who are working on the Northern District and Royal Diriyah Opera House; China Harbour Engineering Company is undertaking bulk excavation works and a joint venture between China Railway Construction Corporation Limited Saudi Branch and China Railway Construction Group Central Plain Limited for the relocation of a number of King Saud University facilities. Diriyah stands as a symbol of the growing cultural and economic ties between the two nations and will foster and strengthen even closer links through its presence in Shanghai at ITB and its hugely successful cultural activation. About Diriyah: Diriyah, Saudi Arabia's premier historical, cultural, and lifestyle destination, is a key component of Saudi Arabia's 2030 Vision. A short 15-minute drive from Riyadh's city center, this 14-square-kilometer development holds historical significance as the birthplace of the Kingdom of Saudi Arabia, dating back to 1727. Currently being developed by Diriyah Company, Diriyah is undergoing a transformation into an authentic Najdi-style mixed-use urban community. Diriyah's centerpiece is At-Turaif, the UNESCO World Heritage Site inscribed in 2010, showcasing the ancient adobe capital city of the First Saudi State, dating back to 1766. Upon completion, Diriyah will host more than 100,000 residents, workers, students, and visitors, offering a diverse range of cultural, entertainment, retail, hospitality, education, and residential spaces. The first of those spaces include Bujairi Terrace, Riyadh's new premium dining hub with over 20 global and local restaurants and cafes that enjoy uninterrupted views of At-Turaif. Bab Samhan, a Luxury Collection Hotel is the first hospitality offering in Diriyah, providing a tranquil experience with panoramic views of Wadi Hanifah. Diriyah's development provides a dynamic environment that celebrates Saudi Arabia's rich cultural history. About Diriyah Company: Diriyah Company was launched in January 2023 and joined the Public Investment Fund's (PIF) portfolio of giga-projects. The Company is responsible for developing the Diriyah project, the birthplace of the Kingdom of Saudi Arabia and its foremost historical, cultural, and lifestyle destination. A dynamic mixed-use developer, Diriyah Company is redefining urban planning to develop Diriyah, 'The City of Earth', while adhering to the highest design, development, and preservation standards. The company ensures Diriyah's cultural landmarks are complemented by world-class retail offerings, fine-dining experiences, and leading hospitality brands. As a PIF company, Diriyah Company's mission focuses on opportunities in development, hospitality, investment, retail, and office leasing, along with strategic asset management, underscoring the commitment to ensuring successful business outcomes and sustainable growth under the strategic direction of Vision 2030. The Diriyah Company actively forges long-term partnerships to realize its vision of establishing Diriyah as one of the world's greatest gathering places.
Trade Arabia
4 days ago
- Business
- Trade Arabia
Diriyah at ITB Shanghai to boost China tourism links
Diriyah Company, the developer behind Saudi Arabia's ambitious 14-sq-km City of Earth urban project, is strengthening its tourism ties with China this week through a high-profile presence at the ITB Shanghai travel trade show. The three-day event, which comcludes tomorrow (May 29), will allow Diriyah to engage with leading Chinese travel agencies, airlines and other key stakeholders in China's rapidly growing hospitality sector. It comes at a time when Chinese visitors to Saudi Arabia are growing rapidly, with a milestone of 140,000 visitors from China to the Kingdom in 2024. This influx was driven by a simplified online visa process and growing air connectivity. It marks ongoing progress toward the Kingdom's goal of welcoming 5 million Chinese visitors annually by 2030. ITB Shanghai follows a successful three-day cultural activation that Diriyah Company hosted on a standalone site in the city where over 1,000 people had the opportunity to experience a wide range of Saudi cultural traditions demonstrated by artisans and craftsmen as well as meet the Diriyah team. Diriyah's Shanghai presence, held at the North Bund International Passenger Center, offered guests a chance to sample traditional Saudi coffee, experience the aroma of rare spices and marvel at the skills demonstrated by traditional weaving workshops. As the number of Chinese travellers to Saudi Arabia continues to grow, Diriyah is offering the opportunity for tailored experiences, from curated galleries with Chinese-speaking guides to dining in one of the many Saudi and global culinary experiences located in Bujairi Terrace and Zallal. Authentic hospitality experiences await visitors at the recently opened Bab Samhan, a Luxury Collection hotel, the first of Diriyah's nearly 40 hotels, set in a landscape that celebrates centuries of Saudi history and heritage. In October last year, Diriyah Company also participated in presenting Saudi heritage and culture to a global audience from a Chinese UNESCO World Heritage Site through its stand at the Visit Saudi pavilion during the 'Saudi Travel Festival' in Beijing, China. China is also playing a vital role in Diriyah's development with many of its leading construction firms appointed to work on several key projects across the 14 square kilometer development area. The firms include China State Construction Engineering Corporation (CSCEC) who are working on the Northern District and Royal Diriyah Opera House; China Harbour Engineering Company is undertaking bulk excavation works and a joint venture between China Railway Construction Corporation (Saudi Branch) and China Railway Construction Group Central Plain Limited for the relocation of a number of King Saud University facilities. Diriyah stands as a symbol of the growing cultural and economic ties between the two nations and will foster and strengthen even closer links through its presence in Shanghai at ITB and its hugely successful cultural activation.-TradeArabia News Service
Leaders
24-05-2025
- Business
- Leaders
Diriyah Named Among Global Eco-Friendly Destinations for 2025
The British travel platform Wanderlust has selected Diriyah as one of the Global Eco-Friendly Destinations for 2025, according to the Saudi Press Agency. This remarkable recognition was driven by the successful cooperation between the Saudi Tourism Authority and the Diriyah Gate Development Authority. Both entities have submitted a comprehensive nomination featuring Diriyah's extraordinary initiatives in environmental, cultural, and tourism sustainability. Chief Executive Officer and Board Member of the Saudi Tourism Authority Fahd Hamidaddin stated that this recognition reflects Saudi Arabia's dedication to ensuring sustainability in tourism. 'This recognition stands as a testament to our strategy of empowering local partners and showcasing national destinations in international markets,' Hamidaddin added. He also noted that this achievement further strengthens the Kingdom's position on the global tourism map as the fastest-growing destination in the world. 'This international recognition highlights Diriyah's role as the cradle of the Saudi state and our dedication to preserving its heritage while applying the highest environmental and cultural sustainability standards,' Chief Executive Officer of the Diriyah Gate Development Authority Jerry Inzerillo said. Promisingly, this selection represents a living proof of Saudi Arabia's growing global presence in tourism. In line with the Saudi Vision 2030, the Saudi Tourism Authority has been supporting its partners across the tourism ecosystem to meet ambitious national objectives. In 2024, the Kingdom welcomed nearly 116 million visitors, and the authorities are still making bold strides to reach the goal of hosting 150 million visitors by 2030. Related Topics: Diriyah Company Boosts Saudi Tourism at Arabian Travel Market Layali Diriyah: Immersive Cultural and Culinary Experiences Diriyah Company Boosts Sports Development with Saudi Tennis Federation Short link : Post Views: 1
Yahoo
21-05-2025
- Business
- Yahoo
How Saudi Arabia is building closer investment ties with Europe and the US
US President Donald Trump's four-day visit to Saudi Arabia, the United Arab Emirates, and Qatar last week marked a significant milestone in strengthening the United States' ties with key powers in the Middle East. The visit comes at a time when Saudi Arabia has been increasingly asserting its presence on the global stage and bolstering its reputation as a leading power in the region over the past few years. In an interview with Euronews, the CEO of Diriyah Company, Jerry Inzerillo, shed more light on president Trump's tour, some of the key investments announced and how Saudi Arabia is building a closer relationship with Europe and the US. Trump is reported to have a very good relationship with Saudi Arabia and its Crown Prince and Prime Minister, Mohammed bin Salman Al Saud, having visited the country during his first term as US president. 'The two of them get along famously,' Inzerillo noted. However, the CEO of the Diriyah Company emphasised that this visit was quite different from Trump's earlier one, with the US president especially appreciative of the kingdom's giga real estate projects. 'A lot has changed in eight years. It's a different Saudi Arabia, it's a different Gulf. When he came, with everything he was doing, I don't think he really had a chance to focus on the sociological changes and the progress and he was blown away,' Inzerillo said. During Trump's first official visit, Saudi Arabia's Vision 2030 government programme — which aims to drive economic, cultural, and social diversification — was still in its early stages. Related Tesla CEO Elon Musk says he will spend 'a lot less' on future political campaigns US voters will soon vote via smartphones, businessman Andrew Yang says However, giga-projects such as the Diriyah Project, led by the Diriyah Company and worth about $64 billion (€56.5bn), are now well under way. This project is expected to transform Diriyah, a UNESCO World Heritage site, into a major historical, cultural, and tourism destination, and is scheduled for official completion in 2030. Inzerillo pointed out that the project, launched seven years ago, is on schedule and within budget, and covers a vast area of 14 million square metres. 'So we've opened substantial assets, we will open assets every year now until the greatest expo in 2030. What we're seeing now is very interesting because we have a lot of financial support from Saudi conglomerates,' Inzerillo explained. He added: 'We've seen a lot of foreign investment from the Gulf coming into Saudi because people can see the results. Almost 600 companies now locate their regional office in Riyadh, which is the G20 city of the Gulf.' As part of Saudi Arabia's Regional Headquarters (RHQ) programme, several US and global giants have chosen to set up their regional headquarters in the capital. This includes major tech companies such as Google, Amazon, Apple and Microsoft, as well as investment banks and asset management companies like Morgan Stanley and BlackRock. Deloitte, PwC and PepsiCo also have their regional headquarters in Riyadh. Referring to the Kingdom's capital, Inzerillo said: 'It's a powerhouse in terms of commerce. It's the centre of gravity for the Middle East and the Gulf. So it's now becoming an economic powerhouse.' Related US and Saudi Arabia sign €127 billion arms deal on first day of Trump's regional tour Trump meets Syria's 'young, attractive' al-Sharaa in Saudi Arabia and lifts sanctions on Damascus A wide range of major agreements were announced and confirmed during the US-Saudi forum, which took place on 13 May. These ranged from artificial intelligence, defence, tech, aerospace, infrastructure, tourism, mining and agriculture. Over 300 CEOs attended Trump's Middle East tour, with more than $600bn (€529.3bn) worth of deals announced and signed. A number of US cabinet ministers such as the Secretary of Defence, Secretary of State, Secretary of the Treasury and Secretary of Energy also accompanied Trump on this visit. 'It was an extraordinary 26 hours. Saudi Arabia is playing a very big strategic role in terms of diplomacy,' Inzerillo said. Saudi Arabia has also been actively working on strengthening ties with major European nations, having hosted state visits from British, French, and German leaders earlier this year. 'Pretty much all of the major European nations have been to Saudi. It's interesting because annually, everybody will go into New York to attend the United Nations General Assembly. But last year, in 2024, His Royal Highness the Crown Prince welcomed 109 heads of state to the kingdom,' Inzerillo pointed out. Apart from the Diriyah project, he noted: 'We're doing business with over 200 European companies now in design, engineering, civil engineering, tourism, culture, museums, training, very major implications for Europe.' Sign in to access your portfolio
Euronews
21-05-2025
- Business
- Euronews
How Saudi Arabia is building investment ties with the US and Europe
US President Donald Trump's four-day visit to Saudi Arabia, the United Arab Emirates, and Qatar last week marked a significant milestone in strengthening the United States' ties with key powers in the Middle East. The visit comes at a time when Saudi Arabia has been increasingly asserting its presence on the global stage and bolstering its reputation as a leading power in the region over the past few years. In an interview with Euronews, the CEO of Diriyah Company, Jerry Inzerillo, shed more light on president Trump's tour, some of the key investments announced and how Saudi Arabia is building a closer relationship with Europe and the US. Trump is reported to have a very good relationship with Saudi Arabia and its Crown Prince and Prime Minister, Mohammed bin Salman Al Saud, having visited the country during his first term as US president. 'The two of them get along famously,' Inzerillo noted. However, the CEO of the Diriyah Company emphasised that this visit was quite different from Trump's earlier one, with the US president especially appreciative of the kingdom's giga real estate projects. 'A lot has changed in eight years. It's a different Saudi Arabia, it's a different Gulf. When he came, with everything he was doing, I don't think he really had a chance to focus on the sociological changes and the progress and he was blown away,' Inzerillo said. During Trump's first official visit, Saudi Arabia's Vision 2030 government programme — which aims to drive economic, cultural, and social diversification — was still in its early stages. However, giga-projects such as the Diriyah Project, led by the Diriyah Company and worth about $64 billion (€56.5bn), are now well under way. This project is expected to transform Diriyah, a UNESCO World Heritage site, into a major historical, cultural, and tourism destination, and is scheduled for official completion in 2030. Inzerillo pointed out that the project, launched seven years ago, is on schedule and within budget, and covers a vast area of 14 million square metres. 'So we've opened substantial assets, we will open assets every year now until the greatest expo in 2030. What we're seeing now is very interesting because we have a lot of financial support from Saudi conglomerates,' Inzerillo explained. He added: 'We've seen a lot of foreign investment from the Gulf coming into Saudi because people can see the results. Almost 600 companies now locate their regional office in Riyadh, which is the G20 city of the Gulf.' As part of Saudi Arabia's Regional Headquarters (RHQ) programme, several US and global giants have chosen to set up their regional headquarters in the capital. This includes major tech companies such as Google, Amazon, Apple and Microsoft, as well as investment banks and asset management companies like Morgan Stanley and BlackRock. Deloitte, PwC and PepsiCo also have their regional headquarters in Riyadh. Referring to the Kingdom's capital, Inzerillo said: 'It's a powerhouse in terms of commerce. It's the centre of gravity for the Middle East and the Gulf. So it's now becoming an economic powerhouse.' A wide range of major agreements were announced and confirmed during the US-Saudi forum, which took place on 13 May. These ranged from artificial intelligence, defence, tech, aerospace, infrastructure, tourism, mining and agriculture. Over 300 CEOs attended Trump's Middle East tour, with more than $600bn (€529.3bn) worth of deals announced and signed. A number of US cabinet ministers such as the Secretary of Defence, Secretary of State, Secretary of the Treasury and Secretary of Energy also accompanied Trump on this visit. 'It was an extraordinary 26 hours. Saudi Arabia is playing a very big strategic role in terms of diplomacy,' Inzerillo said. Saudi Arabia has also been actively working on strengthening ties with major European nations, having hosted state visits from British, French, and German leaders earlier this year. 'Pretty much all of the major European nations have been to Saudi. It's interesting because annually, everybody will go into New York to attend the United Nations General Assembly. But last year, in 2024, His Royal Highness the Crown Prince welcomed 109 heads of state to the kingdom,' Inzerillo pointed out. Apart from the Diriyah project, he noted: 'We're doing business with over 200 European companies now in design, engineering, civil engineering, tourism, culture, museums, training, very major implications for Europe.'
